Some of the recent moves by the Indian Government & its associated Institutions are hurting Indian Startups real bad.
Here’s how –
1. No Automatic Online Payments, thanks to ‘3D Secure’- RBI says, “We will not allow businesses to charge credit cards automatically, even if the credit card holder authorizes such a permission. Each time a transaction is done, a manual intervention by the card holder is necessary.” This is DUMB. This prevents companies from billing a customer on regular intervals automatically. This is inconvenient for the users and kills SaaS companies. Continue reading “How the government is killing Indian startups”